Advanced Micro Rallies 3.4% on Dual Upgrade (AMD)

Shares of Advanced Micro Devices

are higher on the session by 3.36%, currently trading at $9.12. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. AMD is moving on the back of positive comments by Nomura and Morgan Stanley. Each company upgrades the name this morning; Nomura went from Neutral to Buy and Morgan Stanley went from Underweight to Equalweight. 19,000 calls have traded on AMD today, versus only 5,000 puts. Advanced Micro Devices, Inc. is a global semiconductor company. The company designs and sells microprocessors, chipsets and graphics processors. It offers x86 microprocessors, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and notebook personal computers, professional workstations and servers.